How to Make Money Finding Investment Properies for Investors

Did you know that you could earn $1,000 to $4,000 a month just finding properties for Real Estate Investors? Locate properties for investors and get paid to do it.

Difficulty: Easy

Instructions

1. Most Real Estate Investors will pay anywhere from $500 to $1,000 for each property lead that they purchase. It's called a referral fee.

2. The first thing to do is find Real Estate Investors. This can be done by looking in your local news paper under Real Estate for sale. Look for adds that say "I buy houses" or "properties wanted". Once you locate one of these adds call the phone number and ask the investor if he pays a referral fee if you find him a property.
   
   Ask him what kind of properties they are looking for ( how many bedrooms etc...) and in what area.

3. Once you locate a Real Estate Investor that pays a referral fee you must look for properties. Drive through neighborhoods and look for vacant or distressed properties. Distressed properties are those where the grass is high, the windows are boarded up etc...
   
   Once you locate a property write down the address and take some pictures.

4. Now you must research the property. The first thing to do is go to www.zillow.com to find out how much the property is worth.
   
   Then you can go onto www.propertyshark.com and find out the owners name and current address.
   
   Once you get a name you must try to find a current phone number. You can search yellowbook.com which will give you a phone number if it's listed.
   
   you can also try to get information on the owner by asking the neighbors. You will be surprised how much information you can get from the neighbors.

5. Before you turn the referral into the Real Estate Investor you should contact the owner to see if they want to sell the property. Ask them how much they would want if you were to offer them cash. You must get a good deal in order for the Investor to be interested in your lead. Remember Investors will only pay you if they purchase the property so you must get the owner to agree on a low price.
   
   Now call the Real Estate Investor with your lead.

6. There are also some online programs that you can join where Real Estate Investors actually train you how to find leads and pay you when you find one that they buy. I have listed one in the resource section. This is a national wholesale company that pays $1,000 per lead and they have free online training to help you find them great deals.
   
   Check it out and good luck!!

Resources

• Property Locator Program

[Psalmist4M]

on 8/14/2009 Great info. Very detailed. Thanks for sharing. 5*s

[eliptica]

on 2/14/2009 I have been wanting to get into the Real Estate business. This was a great article thanks